Frostberry raised EUR 165k in angel investment.

Frostberry, a Helsinki, Finland-based company developing software for the construction industry, raised capital investment totalling EUR 165k ($180k).

The money was provided by a range of angel investors from Finland, including XCalibur, Jukka Oksaharju, Henry Salo and Esa Laurila.

Frostberry, founded in 2018 by Julius Tuomikoski and Sami Kivensalo, aims to become an alternative to expensive ERP systems used in the construction industry. Their tool is in use with Finnish pilot customers, including SSA Project and Beloved Apartments.